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What are the 4 economic events can shift the supply curve? Give an example of for each economic situation that will shift the supply curve.
Consider a market characterized by the following demand and supply conditions: Px=100-5Qx and Px=20+3Qx. The equilibrium price and quantity are, respectively:
FedEx can purchase a large-volume copier for $18,000 and depreciates it by straight-line depreciation. FedEx has a 35% combined incremental tax rate. If FedEx requires a real 9% after-tax rate of return on its investments, should the firm purchase th..
Consider the following market supply: QS = c, where c > 0. At price P = 0.5(a/b), the absolute value of the price elasticity of this market supply is [e]. (NOTE: Write your answer in number format, with 2 decimal places of precision level; do not wri..
Consider the scenario in which the Fed is implementing a contractionary monetary policy aimed at alleviating inflationary pressures. As a result of the contractionary monetary policy pursued by the Fed, what would happen with the interest rate? What ..
Under illustrate what circumstances should the debtor nation status of the United States (US) be a concern.
A prisoners dilemma leads to a noncooperative equilibrium. A natural monopoly is characterized by large fixed costs relative to variable costs. The market price of a factor of production that is in fixed is determined only by demand.
Do you agree or disagree that some international employment assignments require special compensation? Please explain. How does recruiting for international assignments differ from that of domestic assignments? How does the scope of a firm's internati..
Consider the demand for Ramen noodles. Suppose the price of Ramen noodles decreases. If Ramen noodles are a normal good, this will produce a _____ (choose: positive/negative) substitution effect and a ________ (choose: positive/negative) income effec..
Suppose there is a movie monopolist selling to students, adults, and seniors. The marginal cost of tickets is fixed at $7.00. What prices will a monopolist set when it can discriminate? How much profit will the firm make? Suppose the firm would rathe..
In a competitive labor market, the equilibrium wage rate and the number of workers employed are determined by labor supply and labor demand. Firms maximize profit where the MRP = MRC and hence hire labor up to this point. What do you think could be t..
A monopolist has determined that marginal revenue is $2.00 and average cost is $1.75. It has also determined that the lowest sustainable average cost is $1.75. To maximize profit, should the firm lower its price, increase its price, or leave the pric..
What might be useful data sources to find more information on how income is linked to healthcare access, different health behaviors by gender and race.
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